--- id: 7428 title: "Singlife: Best Insurtech Singapore 2020" award_year: 2020 published: 2020-06-09 08:15:16 published_gmt: 2020-06-09 07:15:16 author: "CFI.co Editorial" url: "https://cfi.co/awards/asia-pacific/2020/singlife-best-insurtech-singapore-2020/" categories: ["Asia Pacific", "Industries", "Professional Services"] content_class: award_rationale independence_status: independent_editorial sponsor_disclosure: none editorial_lens: constructive_positive_lens historical_status: current_at_publication correction_status: none archive_policy: no_delete provenance_layer: github_versioned wayback_status: archived wayback_first_snapshot: 20200813172751 wayback_snapshot_url: "http://web.archive.org/web/20200813172751/https://cfi.co/awards/asia-pacific/2020/singlife-best-insurtech-singapore-2020/" license: CFI-OAAL-1.0 content_sha256: 5a8f3d3f4841f3f5d0122bb61e95d19080fd283e8107f0d9de60da2207815f49 canonical: 7428-singlife-best-insurtech-singapore-2020.json --- # Singlife: Best Insurtech Singapore 2020 > Verbatim archived copy. Canonical machine record: `7428-singlife-best-insurtech-singapore-2020.json`. Singlife

Singlife has evolved from being Singapore’s leading fintech insurer into a champion of financial freedom, helping clients manage their finances with smart tech and mobile solutions. Singlife’s digital insurance model features automated efficiencies that deliver convenience and economies. The company has also embraced that same digital focus to help clients manage their money. It challenges both traditional banking and neo-banks with the Singlife Account, an insurance and savings plan where account balances of more than S$500 (about US$350) earn up to 2.5 percent returns p.a. The account comes with a Visa debit card and no-fee withdrawals, ensuring easy access. Customers can apply for term life, critical illness and cancer insurance plans via Singlife’s online portal or digital app — and receive a response instantly. Coverage plans include lump-sum pay-outs to be spent, at the client’s discretion, on medical expenses or incidental income loss. Singlife encourages prospective clients to visit its website or speak with one of its third-party financial advisers to customise coverage. Singapore ranks as one of the world’s preferred offshore wealth-management hubs, and Singlife has developed a legacy planning portfolio to serve the needs of high-net-worth clients. It tailors solutions with the aim of building and preserving wealth over generations. Singlife is secured, licensed and accredited by the Monetary Authority of Singapore and the Singapore Deposit Insurance Corporation. The CFI.co judging panel declares Singlife winner of the 2020 award for Best Insurtech (Singapore).